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ISBK reports net income of $9.44 million in 9M 2017

2017-10-23

According to the financial statements of Palestine Islamic Bank ISBK for the first nine months of 2017, Net profit after tax of the period reached 9,644,894 USD Compared with Net profit after tax 9,435,267 USD for 2016, a net increase in profit of 2.22%.Total assets of the company reached 964,263,336 USD compared with total assets of 809,082,569 USD at the end of year 2016, a net increase of 19.18%.Total liabilities of the company reached 859,710,145 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 713,773,730 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2016, a net increase of 20.44%. Net ownership equity of the company reached 104,553,191 USD compared with total owner equity of 95,308,839 USD at the end of year 2016, a net increase of 9.70%.Noting that paid-in capital increased from 62,500,000 USD in year 2016 to 69,000,000 USD of this year,a net increase of 10.40%